Gemsstock Limited

Overview

Gemsstock Limited is a London-based investment manager specializing in global macro strategies. Since May 2014, the firm has been managing a global macro strategy, authorized and regulated by the Financial Conduct Authority in the UK. Additionally, Gemsstock operates in Luzern, Switzerland, regulated by FINMA, and in Guernsey, regulated by the GFSC. The firm also maintains a research office in New York, USA. Gemsstock's investment approach combines top-down macro-driven allocation with bottom-up analysis. The firm seeks markets, countries, and sectors where investment efforts are most likely to be rewarded, with allocation across asset classes varying based on available opportunities. The team employs a strong fundamental bias, with the entire core-investment team having backgrounds in asset management, equity research, or economics research. The firm's culture emphasizes performance, conviction, and capital preservation, aiming to deliver good net returns to investors through integrity and hard work. The team is led by Co-CIO and Lead Portfolio Manager Al Breach, with other key members including Head of Research Andrew Bowman, Chief Economist Rory MacFarquhar, and Chief Operating Officer Andy Low. Gemsstock Limited's investment philosophy is centered on a combination of macroeconomic analysis and value appraisal, aiming to identify and capitalize on investment opportunities across various asset classes and geographies.